Tuesday , May 17 2022

Price analysis, November 26



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The views and opinions expressed here are only those that are not relevant and do not necessarily reflect the opinion of Cointelegraph. Every movement of investment and trade suggests a risk, you must carry out your own investigation when making a decision

Market data is provided by the HitBTC bag.

Digital money remained relatively stable from the beginning of September to the middle of November, and after that the downturn began. Since then, growing sales are dragging a total capitalization of the cryptocurrency market of more than $ 210,000 million on November 14 to just under $ 116,000 million on November 25, a decrease of around 45 per cent.

After such a water collapse, such a sudden replacement will probably be. However, the markets will not go from a sudden drop to secondary stage immediately. Mike Novogratz, former partner Goldman Sachs and founder of Galaxy Digital believes that cryptocurrencies will take a turn in next year.

Although the collapse has damaged operator accounts, it has not stopped the adoption of cryptocurrencies. In a clear conversation, businesses in the state of Ohio will be able to pay their taxes in Bitcoin. This facility could be extended to individual taxpayers in the future, according to Wall Street Journal (WSJ).

BTC / USD

Bitcoin dropped at least $ 3,620.26 on November 26, from where the bull tried to recover a road barrier just above $ 4,200. At the moment, the installers are trying to resume the bearish trend. The area between $ 3,000 and $ 3,500 is an important support and we hope it will continue.

BTC / USD

The fall of the last few days has led the RSI to survival levels. Although the RSI often stays close to the over-zone zone, a reading of 11 in the RSI identifies the capitulation.

In general, such a steep decline is followed by a similarly apparent reimbursement. The BTC / USD pair will face lower resistance on the bearish trend line, but we expect it to cross. The above targets resist to 38.2 percent of Fibonacci Favorites level of $ 4,712.89 and% 50% level of $ 5,050.40. The 20-day EMA is also just above this level and could act as rigid resistance.

It is hard to implement the repayment, so only experienced traders who want to take a risk should try to go long, if the virtual money holds $ 4,250 for about four hours. The loss cap can remain just below $ 3,500. As it is a dangerous trade, only 30 percent of the normal allocation that it uses. In terms of the disadvantage, if the digital currency cuts less than $ 3,620.26, it is likely to fall to $ 3,000.

XRP / USD

Ripple broke down the $ 0.37185 aid on November 25, but buying at lower levels helped him to recover most of the drug losses. The baskers try to sell one more time.

XRP / USD

If successful, the XRP / USD pair may reject the channel's helpline, which will act as a strong support. However, if the level is not maintained, a test of $ 0.24508 can yet be set.

On the other hand, if the prices that push bulls exceed $ 0.37185, a Factor that can extend to $ 0.43 starts, where we expect a strong resistance of the EMA 20 days. We did not get any purchasing venues; therefore, we do not suggest implementation on it.

ETH / USD

It seems that the buyers have left Ethereum because there is not even a reasonable attempt to retire after a decline.

ETH / USD

On November 25, the bass players broke easily under the $ 110 aid. The ETH / USD pair found some help at $ 102.96, but the decline has been weak. A break of the $ 102.96 level drag the digital money to $ 83.

On the positive side, the recovery will face locks of $ 130 and $ 140. If these two levels cross, an inverse to $ 158 is possible. However, we do not find any reliable purchasing locations, so it's better to wait on the left.

BCH / USD

Since the hash war in Bitcoin Cash has expired, we have been reintroduced to our analysis. Due to the bifurcation, we will have to look at it again.

BCH / USD

In a short period of 20 days, the fall has been huge. The bulls are trying to provide help close to $ 148.27. If successful, there is likely to be 38.2 percent of Fatonacci Fatonacci Factor and 50% of Fatam the recent fall.

If the bull fails, a BCH / USD pair could extend its bearish trend. Although he had located in an unexplored territory, the next major help is $ 100. That's why waiting for forming uptrend would be better.

XLM / USD

Stellar broke down critical support of $ 0.184 and $ 0.1547188, which is a bearish signal. He saw some purchase at $ 0.1327050, but the bull gets struggling to keep the downturn.

XLM / USD

A reduction in the numbers of November 25 will resume the bearish trend and push the XLM / USD pair to the next support at $ 0.08. Any recovery will face strong resistance at the $ 0.184 level. We do not find any reliable purchase configuration, so we do not offer a trade in it.

EOS / USD

Although the RSI was in overlapping territory, the bulls could not start recovery at EOS as it continued to trade under $ 3.8723.

EOS / USD

Immediate help is $ 3. If an EOS / USD pair presses in this support, it will face a small resistance in the bearish trend line, and $ 3.8723 will be a major opposition. If bear prices fall below $ 3, the next support is $ 2.40. That is why it would be expected to reverse the trend better.

LTC / USD

Litecoin is in a clear bear. He broke his support at $ 32 and dropped down from $ 28 on November 25. There was no reasonable recovery since the fall began on November 14, which shows a lack of interest from the bull.

LTC / USD

Below $ 28, the next help is $ 20, but when considering the station readings in the RSI, we anticipate recovery in the next few days.

On the positive side, the recovery will face a difficult barrier during the EMA 20 days. We expect the LTC / USD pair to form a range before a new secondary start. So far, we suggest that operators remain on the left.

ADA / USD

The Cardano pushed purchase amounted to $ 0.033065 on November 25. If this help is a break, the slide can be extended to the next support at $ 0.025954.

ADA / USD

The RSI is in resistant levels that may be resistant to resistance to the area of ​​$ 0.50 and the 20 day European Maintenance Allowance. We will expect a confirmation fund to be formed and for the pattern of the chart to identify an investment before suggesting an operation in the ADA / USD.

XMR / USD

Money broke off under the $ 60 help and fell to $ 54,081 on November 25. If this level is broken, psychological support of $ 50 is below that the slides can reach the $ 40 level.

XMR / USD

If the bulls support $ 54,081 and start recovering, both XMR / USD can go up to $ 71 and above to $ 81. We expect a strong resistance of $ 81. Due to readings in the RSI, we anticipates recovery in the next few days. However, there are still no purchase configurations, so we do not recommend implementation.

TRX / USD

TRON broke the support at $ 0.0122194 and fell to a low degree of $ 0.01089965 on November 25. The bull has managed to keep prices near the 20 thumbnail of November, but they have not been able to push up prices.

TRX / USD

The RSI is overcrowded, which shows that sales have been excessive. Recovering the current levels can lead the TRX / USD pair at a resistance of $ 0.01587681, where we expect vendors to intervene.

Contrary to us, if the enemy continues to hit the digital currency, a drop to $ 0.00844479 is possible. Operators should wait to configure a new purchase before forming it.

Market data is provided by the HitBTC bag. The graphs for the analysis are provided by TradingView..

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